Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Lower Tier REMIC Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Loan Group to which they correspond.
Cross-Over Situation. For any Distribution Date and for any Mortgage Pool (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Mortgage Pool if such Interests in the aggregate are less than 1% of the Subordinated Portion of the Mortgage Pool.
Cross-Over Situation. For any Distribution Date and for any Loan Group (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Assumed Balance of the related Loan Group. Cut-off Date: November 1, 2005.
Examples of Cross-Over Situation in a sentence
If no Cross-Over Situation exists with respect to any REMIC 2 Interest, then the Principal Distribution Amounts payable with respect to each Loan Group will be payable: first to cause the Loan Group’s corresponding R-2-A and R- 2-B Interests to equal, respectively, 0.9% of the SCB and 0.1% of the SCB, and then to the corresponding R-2-C Interest.
More Definitions of Cross-Over Situation
Cross-Over Situation. For any Distribution Date and for any Pool or Subgroup (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Pool or Subgroup if such Interests in the aggregate are less than 1% of the related SP, as defined in the Preliminary Statement. CTX: CTX Mortgage Company, LLC, or any successor in interest.
Cross-Over Situation. For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to (1) the Class A and Class B REMIC 2 Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinate Component Balance of the Loan Group to which they correspond and (2) the Class C and Class D REMIC 2 Interests, a situation in which the Class C and Class D Interests corresponding to any Loan Group are in the aggregate less than 1% of the Adjusted Subordinate Component Balance of the Loan Group to which they correspond.
Cross-Over Situation. Not applicable.
Cross-Over Situation. With respect to any Distribution Date and Loan Group 2 and Loan Group 3 (after taking into account principal distributions on such Distribution Date), a Cross-Over Situation shall exist (i) with respect to the R-2-A, R-2-B and R-2-C Interests, if the R-2-A, R-2-B and R-2-C Intexxxxx xxx xx the aggregate less than 1% of the Subordinate Component Balance of Loan Group 2 and Loan Group 3.
Cross-Over Situation. For any Distribution Date and for any Loan Group in Aggregate Loan Group II (after taking into account principal distributions on such Distribution Date) a Cross-Over Situation exists with respect to the Class A and Class B Interests of the Loan Group if such Interests in the aggregate are less than 1% of the Assumed Balance of the related Loan Group. Cut-off Date: September 1, 2007. Cut-off Date Pool Principal Balance: $709,190,824.77.
Cross-Over Situation. For the Combined Certificates and any Distribution Date and for each Combined Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Interests, the Class A and Class B Interests corresponding to any Combined Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Combined Loan Group to which they correspond.
Cross-Over Situation. Not applicable. Cut-off Date: June 1, 2007.